I bought 5 Netflix puts when it was over $127 the other day. Those are turning out to be pretty nice buys so far. I would love to see it retrace to $115.
Ok, one might think that bonds would be up significantly if management had a serious refinance plan in place. Buying a bond for 70% and getting it redeemed for 106% is a big return.
Will the bonds not react until there is an actual refinance plan in place? So one day they trade at 70% of par and the next morning they trade at 100%?
Rare to see SDLP trade so differently from SDRL, but when your CEO leaves right before earnings...well.
Why not buy the 2019 bonds when they were 50% of par. That trade is a guaranteed double (if TC doesn't go belly up) and pays you 25% while you wait.
While not quite $10B profit per quarter, drug maker Gilead has a lower PE than Apple and is making about $14B a year.
I think you are holding the wrong stock. Netflix going to $160, Apple to $90.
It looks like investors do not like the current asking price at the discussions. Hopefully the negotiations will fail.
Do they have enough cash is the question. It would have to be stock + cash deal.
Apple overpays for Netflix, stock goes down, while Netflix goes up.
Looney Tunes market, eh?
Yes, the future is streaming but it doesn't mean the first is always the best or final. Netscape had one of the first internet browsers...where are they today? Yahoo was the first big name in search engine but is tiny now compared to Google.
$825 per share...boggles the mind.
At least the bond prices are increasing now. I was starting to wonder if the 12.5% return 2019 might eventually get to 12.5% of par at the rate they were falling :-)
I show a paper loss on my 2019 bonds, but in this case it actually is only a paper loss, as I get paid $7500 a year no matter what the bid/ask is on the bonds. It is not like a dividend that can be cut, or shares in a company that can be diluted. Bankruptcy is the risk, and TC is not going bankrupt.
I hope some of you picked up those juicy bonds when they were 50% of par.
They have to keep spending more and more on content because people now watch an entire series in a weekend, or even a day. When you dribble a new series every few months, will it be enough?
Sure, you can dredge up an old series, but how many people really want to pay to watch The Brady Bunch.
House of Cards cost them $100m. If they want to keep churning out that type of content, they will need to significantly raise the monthly fee. Internet providers have to shoulder all of this bandwidth...how long before they decide to raise their fee?
Serious. I hate to see anyone suffer like Stan is.
Beats earnings every time but market is convinced NEXT quarter will be the quarter they miss. Then they beat that quarter and the NEXT quarter has to be the one they miss, just has to be.
In between quarters, the stock sneaks up to a new level. Apple went from 400B market cap to 700B while everyone knew they would be missing earnings soon.
Probably. Or maybe it goes to $4, then pops 289% and moves to $15.50
2019 had strong volume around 70% of par, which while still ridiculously low, is off of the bottom.
2017 went up to 96, 97% of par.
Maybe this was a reaction to copper's fall being halted.
If the 2019 gets back in the 90s I will consider buying some common stock again.
I purchased 20 Sept $110 call options for $6 Friday but got nervous Monday and sold 10 August $110 calls for $5.
Now what to do here. I was expecting good earnings but had hedged for the traditional drop after earnings.
Wish I had not wrote those August $110, as they will likely go from $5 to $8 or $9 today.